 "Potato down 2.6% on increased supply")
Potato prices dropped by 2.64% to Rs 766.10 per quintal in futures trade today as speculators offloaded their positions due to weak demand in the spot market.
At the Multi Commodity Exchange, potato for delivery in September month dropped by Rs 20.80, or 2.64% to Rs 766.10 per quintal in business turnover of 77 lots.
The potato for delivery in far month of March also declined by Rs 7.70, or 0.96% to Rs 818.50 per quintal in 11 lots.
Market analysts said offloading of positions by speculators owing to weak demand in the spot market against increased supplies from producing region mainly pulled down potato prices at futures trade.
At the Multi Commodity Exchange, potato for delivery in September month dropped by Rs 20.80, or 2.64% to Rs 766.10 per quintal in business turnover of 77 lots.
The potato for delivery in far month of March also declined by Rs 7.70, or 0.96% to Rs 818.50 per quintal in 11 lots.
Market analysts said offloading of positions by speculators owing to weak demand in the spot market against increased supplies from producing region mainly pulled down potato prices at futures trade.